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Search Results 0 to 7 of about 8 (some duplicates have been removed)
this family an extra $70 a month to spend. john is a maintenance man in jersey city, new jersey. >> are you paying any attention to what's going on in washington right now? >> of course. >> reporter: their $50,000 a year income put them almost exactly in the middle of the american household. if it's not extended those $1,035 more. >> do you have room to cut back? >> no. >> reporter: if the tax cut expires paycheck contributions will go from 4.2% to 6.2%. that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> reporter: those in favor allowing the tax cuts to expire argue money for social security payments has to come from somewhere. although john says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. >> reporter: might be a jacket. might be those pair of boots that they want to go there and keep warm
billion dollars. >>> and on the loose. a strange sight in new york city when a pony and zebra run wild through the streets. >>> this is the "cbs morning news" for thursday, november 29, 2012. >>> good morning. good to be with you. i'm terrell brown. and a little more than a month the u.s. economy could experience a severe shock. that is if leaders in washington can't come up with a budget deal. scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle c
this morning. thank you. kansas city authorities are still trying to piece together what prompted kansas city chiefs linebacker jovan belcher to murder his girlfriend and then kill himself. saturday's murder/suicide stunned the team, fans and nfl. but the chiefs played their best game the year beating the panthers 27-21. manuel bojorquez reports. >> reporter: amid the typical game day festivities reminders of a team tragedy. the coach greeted fans with a heart felt gesture just one day after watching linebacker jovan belcher take his life. >> it's tough when circumstance happen you can't undo them. so you have to rely on each other, rely on your family and friends and rely on your faith. >> it's going to affect the perkins family, the belcher family, his daughter for many years to come. not just today or in the next few weeks. >> reporter: authorities say belcher shot and killed cassandra perkins saturday morning at home. he then drove to the team's practice facility where he shot himself in front of the coach and the general manager. >> after talking to the captains they also felt like it wa
. >>> and a memorial service in kansas city for javon belcher, the football player who committed suicide on saturday after killing his girlfriend. the chiefs had an early practice wednesday so his teammates could pay their last respects. they say they wanted to remember him as a man, not a killer. >> you've got to try to deal with it however you deal with it and grieve, you know, the best way for the individual. and i think the best way for us as a team is to get closure and move on and find some way to focus on football. >> belcher shot 22-year-old kasandra perkins. her funeral will be tomorrow in texas. their 3-month-old daughter will get more than $1 million from the nfl collective bargaining agreement. we'll take a quick break on a thurps morning. >> when we come back, cutting breast cancer deaths. how a long term use of a drug can have benefits for patients. this is the "cbs morning news." news." [ male announcer ] sponges take your mark. [ female announcer ] one drop of ultra dawn has twice the everyday grease cleaning ingredients of one drop of the leading non-concentrated brand... to clean 2
. a picture of a new york city cop going the extra mile for a homeless man goes viral. >> it was so cold that i knew i had to do something. >>> this is the "cbs morning news" for friday, november 30, 2012. >>> good morning. good to be with you. i'm terrell brown. republican reaction to the initial white house offer to resolve the fiscal cliff was anything but flattering. one republican called the offer an insult. both sides are digging in their heels on raising taxes on upper income earners. the white house proposal includes $1.6 trillion in taxes over a decade, 400 billion for medicare, 50 billion in stimulus spending and the end of congressional control over the debt ceiling. susan mcginnis is in washington with more. good morning to you. >> reporter: hey, terrell, good morning. the president's opening salvo there was not well received by republicans. they balked at his plan. he's taking his message to middle class americans at a factory that makes toys. it's a trip republicans are calling an irritant. president obama leaves the white house this morning to head to a toy factory in penn
cities around the country. morning fog in new york, 60 degrees. partly sunny in miami, 79. clearing in chicago, 56. partly cloudy in dallas, 70 degrees. low clouds in l.a., 70. let's check your national forecast. the northwest is going to get hammered again. some areas could get as much as five inches of rain. and the mountain regions could see as much as two feet of snow. a cold front moves through great lakes and mississippi valley, bringing showers and thunderstorms, and it will be warm in the northeast and south with temperatures running 20 degrees above normal. >>> "cbs moneywatch" time now. auto sales rebound after hurricane sandy. and mitt romney bounces back with a new job. ashley morrison here in new york with that. >> asian markets saw a mixed day. tokyo's nikkei dropped a quarter percent while hong kong's hang seng added a fraction. >>> a report showing a decline in manufacturing sank stocks on wall street. the dow fell 59 points while the nasdaq lost eight points. >>> hurricane sandy gave a boost to the auto industry. analysts say it added up to 30,000 sales last month w
Search Results 0 to 7 of about 8 (some duplicates have been removed)